Zero brokerage brokers Review with discount brokers review, Benefits & uses

General
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I see that Blinx, shoonya, m stock are 0 brokerage brokers where blink don’t charges anything they have subscription plan while subscribe their plans for e.g. 6M validity some amount needs to be paid & u get free brokerage trades.

Similarly I seen ABSL brokerage same they 2 types of subscription plans where 1st plant has no charges only ₹20 per brokerage for trades in all segments, + other things like call & trade free research reports of ABML analyst & non ABML analyst are free of cost.

M stock has similar plan like Blinx but don’t provide any researchch report, their platforms & other stuff are like old things going on.

Discount brokers like zerodha, samco, HDFC Sky has similar charges, difference is DEMAT AMC for zerodha & HDFC sky is 300, samco has 400. SKY offers free research reports, not sure of samco.

Zerodha offers free equity delivery while other 2 hdfc & samco charges 0.05% or ₹20 whichever is less

Anybody has tried & used these brokers - Sky, SAMCO, Blinkx, ABSL. How was your experience?

So what are your views on Such brokers especially 0 brokerage brokers & brokers who have subscription charges with less brokerage charges for a validity period if subscribed to their plan?

And if anybody wants to open an account likely who wants 0 brokerage then which one should they decide - blink, ABSL, hdfc sky like such brokers. Especially for beginners to 1 YOE in market.

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My experience is…
Jo sasta hai, service unki khasta hai.

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Cannot speak for other products but stay away from HDFC sky.

Simple rule is stay away from any bank products for trading/investing. They have heavy commissions and fees, due to banks being banks.

Case in point

  1. HDFC charges for both demat maintenance/month and also equity delivery. This is unlike Zerodha (AMC but free delivery) and Groww (No AMC but ₹20 for delivery).
  2. HDFC Sky does not have direct mutual funds. This alone is enough for me to shit on them. Remember, this is after the AMC and charging for everything. Commission culture of banks never goes away.
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    You will lose money year after year due to such high commissions in mutual funds in HDFC sky. Invest only in direct MFs
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Price kam, product zaada dekhna chahiye :slight_smile:

Reports, trading platform - look at them as tools that will help you trade better.

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Not suitable for derivatives trading. They charge “interest on margin” unless you keep all cash as margin in account.

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